subject
Business, 21.09.2019 00:20 helper55

The following data from the just completed year are taken from the accounting records of mason company: sales $ 524,000 direct labor cost $ 70,000 raw material purchases $ 118,000 selling expenses $ 140,000 administrative expenses $ 63,000 manufacturing overhead applied to work in process $ 90,000 actual manufacturing overhead costs $ 80,000 inventories beginning ending raw materials $ 7,000 $ 15,000 work in process $ 10,000 $ 5,000 finished goods $ 20,000 $ 35,000 required: 1. prepare a schedule of cost of goods manufactured. assume all raw materials used in production were direct materials. 2. prepare a schedule of cost of goods sold. assume that the company's underapplied or overapplied overhead is closed to cost of goods sold. 3. prepare an income statement.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 15:00, destinyycooper
In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. the remaining $24,000 was received in cash from customers. the company incurred operating expenses of $16,600. of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. in addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations.
Answers: 3
image
Business, 22.06.2019 11:00, nicko10
The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?
Answers: 1
image
Business, 22.06.2019 21:30, dondre54
The year-end financial statements of calloway company contained the following elements and corresponding amounts: assets = $34,000; liabilities = ? ; common stock = $6,400; revenue = $13,800; dividends = $1,450; beginning retained earnings = $4,450; ending retained earnings = $8,400. based on this information, the amount of expenses on calloway's income statement was
Answers: 1
image
Business, 22.06.2019 21:30, kaitlngley2367
Which is the most compelling reason why mobile advertising is related to big data?
Answers: 1
You know the right answer?
The following data from the just completed year are taken from the accounting records of mason compa...

Questions in other subjects:

Konu
English, 04.02.2021 14:00
Konu
Mathematics, 04.02.2021 14:00
Konu
Mathematics, 04.02.2021 14:00
Konu
Mathematics, 04.02.2021 14:00
Konu
Mathematics, 04.02.2021 14:00